Factors Effects on Employee Retention in Manufacturing Firms
Chaya J Swamy1, Nagesh P2, T S Nanjundeswaraswamy3
1Chaya J Swamy*,Assistant Professor, Department of Management Studies, JSS Academy of Technical Education, Bangalore, India.
2Dr Nagesh P, Professor, Center for Management Studies, Sri Jayachamarajendra College of Engineering, Mysore, India.
3Dr T S Nanjundeswaraswamy, Associate Professor, Department of Mechanical Engineering, JSS Academy of Technical Education, Bangalore, India.
Manuscript received on September 23, 2019. | Revised Manuscript received on October 15, 2019. | Manuscript published on October 30, 2019. | PP: 4667-4672 | Volume-9 Issue-1, October 2019 | Retrieval Number: A1657109119/2019©BEIESP | DOI: 10.35940/ijeat.A1657.109119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In the competitive business environment retaining of the talented work force is the big challenge to the organization because of the labour market. On the other hand employee retention is affected by so many factors that include internal and external factors. The present study is an attempt to know the parameters affect on the employee retention. For the current study through the well defined questionnaire data was collected. The data were analyzed through different statistical methods like Exploratory Factor analysis, Confirmatory factor analysis. Study reveals following six important dimensions affects on the employee retention such as Employee Development, Organizational Facilities, Supportive Organization Environment, Employee Benefits, Flexible Working Environment and Welfare Schemes. Z test was conducted to test the relationship between the dimensions it reveals all the six dimensions are associated with each other.
Keywords: Employee Retention, Exploratory Factor analysis, Confirmatory factor analysis, Organizational Facilities.